Shima Capital is undergoing an orderly wind-down after the SEC charged its founder Yida Gao with investor fraud for inflating returns and hiding profits while raisingShima Capital is undergoing an orderly wind-down after the SEC charged its founder Yida Gao with investor fraud for inflating returns and hiding profits while raising
Shima Capital Founder Purportedly Steps Down, Fund Eyes Wind-Down After SEC Fraud Suit Involving Shiba Inu Investments
Shima Capital is undergoing an orderly wind-down after the SEC charged its founder Yida Gao with investor fraud for inflating returns and hiding profits while raising nearly $170 million. Screenshots of an internal email reveal Gao stepping down as managing director to facilitate the process. SEC charges Yida Gao with misleading investors on exaggerated investment [...]
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